Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Many arguments have been made against this provision. I subscribe to the principle of rotation but, given that there is an acceptance that this may cause problems for the smaller credit unions, could the rotation principle be linked to the tiering of credit unions and give recognition to the fact that this will pose particular problems for smaller credit unions? There must be some way of working that into the Bill.

The second suggestion is that instead of saying every individual can only a serve a maximum of nine years in 15, a requirement be inserted that a certain percentage of the board must rotate. In this way there would still be rotation but an individual who was serving the board well and wanted to continue would be allowed to do so. The issue is not nailed down at the level of the individual but of the overall board. That would be a smarter way to do this.